Business

Europe's All-time Heat Record Could Fall this Weekend

Portugal and Spain are facing a major heatwave with the mercury expected to soar before peaking at 47C in some areas this weekend. In Scandinavia, tempera...


China Warns Of Retaliation If US Takes More Trade Steps

A spokeswoman for the U.S. Trade Representative's Office declined to comment on the proposed tariff rate increase or on whether any changes would alter the dead...


White House says Trump's resolve is firm on China trade

Top White House economic adviser Larry Kudlow on Friday ridiculed China's threat of US$ 60 billion of retaliatory tariffs as "weak" and said the world's se...


Turkey tells United States to reverse its 'wrong decision' over sanctions

The case is now at the centre of a bitter row between North Atlantic Treaty Organisation allies Ankara and Washington after the United States on Wednesday impo...


RBI rate hike worries real estate sector

The reverse repo rate was also raised by 25 basis points, to 6.25 percent. The following hike by the RBI comes after it had raised the repo rate for the fir...


Apple becomes world's 1st publicly traded trillion-dollar company

Apple on Wednesday stated in a regulatory filing that as of July 20, 2018, the company had 4,829,926,000 shares, said Howard Silverblatt, a senior index analys...


US Treasury sanctions 2 Turkish officials

The United States sanctioned Turkey's Justice Minister Abdulhamit Gul and Interior Minister Suleyman Soylu on Wednesday over the country's imprisonment of Pasto...


EU Insists Agriculture Not a Part of Trade Truce with Trump

A recent CNN poll had a similar finding: 50 percent of US adults disapproved of the president's handling of foreign trade, while only 39 percent approved. a...


Expensive iPhones boost revenue, but Mac sales tank

Apple is forecasting a revenue guidance of between $60 and $62 billion in the fourth quarter, which is slightly above analyst estimates of $59.57 billion in th...


Facebook's day of reckoning: Blip or sign of broader turn?

The lawsuit is designed for class-action status and seeks unspecified damages. Shareholders often sue companies in the U.S. after unexpected stock price decli...


McDonald's Mints MacCoin to Mark Big Mac's 50th Anniversary

Buy the sandwich and get a MacCoin to get another at some point (that is, assuming you're not a collector; McDonald's will rollout five designs of the coin, o...


Did We Just Dodge a Trade War With Europe? - Hit & Run

Trump added they would try to "resolve" steel and aluminum tariffs he imposed earlier this year and retaliatory duties the European Union levied in response. ...


Amazon profit rises but sales growth could slow

In the period, that segment's sales rose 44%, to $US32.17 billion, boosted in part by the addition of Whole Foods, which Amazon didn't own in the second quart...


Trump deserves some credit for this booming economy

President Trump speaks in White House after the second quarter GDP number is released . Paul Ashworth, chief U.S. economist at Capital Economics, said Fri...


Trump tells European Union leaders he wants a ‘fair trade deal’

The problem is, they haven't been getting good prices because of the restrictions of other countries in place on their productivity. Soybeans being sorted a...


What Trump’s EU Trade Talks Mean for the Shoe Industry

According to Wall Street Journal , the key elements of the agreements reflect the offers developed by European Union officials two months ago in hopes that ...


Facebook sets up subsidiary in China, where it's blocked

It already has similar hubs in other markets such as India, South Korea, France, and Brazil. The only app Facebook-owned app that runs unhindered in China too...


Twitter falls by $6bn after losing 1m users

A Washington Post report put the total number of suspended accounts in May and June at 70 million. Twitter escalated its battle against suspicious account...


Facebook lost $120 billion in market value over slow growth

Facebook shares have already been through a rollercoaster of ups and downs this year, with the biggest slump coming in April after it emerged data from tens ...


Iran Says Red Sea No Longer Safe for US Navy

Soleimani called Trump a "gambler" and said his language belongs in "nightclubs". You may begin a war, but it is us who will end it. Have you forgotten that you...